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Worldcoin Launches World ID in Poland, WLD Price Surges 10%

Worldcoin Launches World ID in Poland, WLD Price Surges 10%

Coinedition2024/09/18 16:00
By: Ikemefula Aruogu
  • Sam Altman’s World ID verification service, Worldcoin, has launched in Poland.
  • Individuals can orb-verify their World ID in the Polish capital of Warsaw.
  • WLD surged nearly 10% following the World ID verification launch in Poland.

Sam Altman’s World ID verification service has arrived in Poland, marking the project’s continued growth in Europe. An official blog post noted that the recent expansion is part of its mission to increase trust online.

Worldcoin asserted that the expansion demonstrates increasing access to “important proof of humanness technology” in Europe. Now, individuals can use orbs to verify their World ID in Warsaw, the Polish capital. According to the announcement, the verified World ID would allow individuals to anonymously prove they are real, unique humans across various online applications.

Read also: Worldcoin’s Iris Scanning Tech Expands to Malaysia

World ID and WLD Rewards

Worldcoin’s World ID project offers rewards tied to its World ID verification process. The project says the purpose of the reward is to help businesses differentiate between real users and potential spam bots. To achieve this, the project utilizes its native token, WLD.

Following the launch in Poland, WLD saw an immediate price surge, rallying nearly 10% on Wednesday. The upward trend continued into the early hours of Thursday, with WLD gaining an additional 4.72% at the time of writing. The recent surge marks a temporary turnaround for WLD, which has been under significant bearish pressure since March.

WLD hit an all-time high of $11.98 in March following a general crypto market rally in Q1 2024. However, the price quickly reversed, with the World ID project’s token tumbling over the past six months and losing all of the gains it had made earlier in the year.

Read also: Worldcoin’s Price Drops as Alameda Moves Tokens to Binance

The Worldcoin project’s native crypto was trading at $1.59 at the time of writing, reflecting an approximate 38% loss from its price at the beginning of the year. However, a sustained rally could change WLD’s fortunes, especially with increased adoption, like what we’re seeing in Poland.

While Wednesday’s announcement caused WLD’s price to jump, the cryptocurrency needs to show more bullish signs to confirm an upside price reversal. Analysts expect to see more bullish momentum from WLD and a break above key resistance levels around $1.98, $2.46, and $3.26 before establishing a definite uptrend for the World ID protocol’s native crypto.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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